Mid Atlantic Financial Management Inc. ADV Boosts Stock Position in Deere & Company (NYSE:DE)

Share on StockTwits

Mid Atlantic Financial Management Inc. ADV grew its stake in shares of Deere & Company (NYSE:DE) by 4.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,095 shares of the industrial products company’s stock after buying an additional 97 shares during the period. Mid Atlantic Financial Management Inc. ADV’s holdings in Deere & Company were worth $347,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Deere & Company by 67.0% in the 1st quarter. JPMorgan Chase & Co. now owns 3,733,015 shares of the industrial products company’s stock worth $596,683,000 after acquiring an additional 1,497,433 shares during the last quarter. FMR LLC increased its stake in Deere & Company by 13.6% in the 1st quarter. FMR LLC now owns 8,713,051 shares of the industrial products company’s stock worth $1,392,694,000 after acquiring an additional 1,043,039 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Deere & Company by 47.6% in the 1st quarter. Janus Henderson Group PLC now owns 2,749,227 shares of the industrial products company’s stock worth $439,432,000 after purchasing an additional 886,561 shares during the period. Thoroughbred Financial Services LLC boosted its holdings in shares of Deere & Company by 16,471.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 296,289 shares of the industrial products company’s stock worth $29,629,000 after purchasing an additional 294,501 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Deere & Company by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 3,655,571 shares of the industrial products company’s stock worth $544,229,000 after purchasing an additional 244,266 shares during the period. 67.67% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on the company. Deutsche Bank dropped their target price on Deere & Company from $163.00 to $155.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. UBS Group dropped their target price on Deere & Company from $167.00 to $160.00 and set a “neutral” rating for the company in a report on Monday, August 19th. Bank of America dropped their target price on Deere & Company from $185.00 to $175.00 and set a “buy” rating for the company in a report on Monday, August 19th. Macquarie set a $132.00 target price on Deere & Company and gave the stock a “hold” rating in a report on Monday, May 20th. Finally, Barclays reiterated a “buy” rating and issued a $167.00 target price on shares of Deere & Company in a report on Monday, July 15th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $166.89.

DE opened at $150.33 on Wednesday. The firm has a market cap of $47.35 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 2.21 and a beta of 1.10. The company has a current ratio of 1.99, a quick ratio of 1.73 and a debt-to-equity ratio of 2.38. Deere & Company has a 12 month low of $128.32 and a 12 month high of $171.22. The stock has a fifty day moving average price of $158.35 and a 200-day moving average price of $157.91.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Friday, August 16th. The industrial products company reported $2.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.80 by ($0.09). The company had revenue of $8.97 billion during the quarter, compared to the consensus estimate of $9.38 billion. Deere & Company had a return on equity of 27.75% and a net margin of 8.55%. The company’s revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.59 earnings per share. On average, equities research analysts forecast that Deere & Company will post 9.98 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 2.02%. Deere & Company’s payout ratio is 32.37%.

In other news, COO John C. May II sold 5,228 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $170.00, for a total value of $888,760.00. Following the completion of the transaction, the chief operating officer now directly owns 49,310 shares of the company’s stock, valued at approximately $8,382,700. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO John C. May II sold 16,468 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $163.21, for a total value of $2,687,742.28. Following the completion of the transaction, the chief operating officer now directly owns 60,550 shares of the company’s stock, valued at $9,882,365.50. The disclosure for this sale can be found here. Insiders own 0.71% of the company’s stock.

Deere & Company Profile

Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment.

Featured Article: Municipal Bonds

Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Opus Bank  Downgraded to “Sell” at ValuEngine
Opus Bank Downgraded to “Sell” at ValuEngine
Yandex  Downgraded by ValuEngine
Yandex Downgraded by ValuEngine
Smart Sand  Downgraded to Strong Sell at ValuEngine
Smart Sand Downgraded to Strong Sell at ValuEngine
Castle Biosciences  Given Consensus Recommendation of “Buy” by Brokerages
Castle Biosciences Given Consensus Recommendation of “Buy” by Brokerages
Status  Price Hits $0.0123
Status Price Hits $0.0123
Nebulas Hits One Day Trading Volume of $5.23 Million
Nebulas Hits One Day Trading Volume of $5.23 Million


© 2006-2019 Ticker Report